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Indicators of economy in Saint Vincent and the Grenadines

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Saint Vincent and the Grenadines, on the other hand, reached USD 8,666 per capita, or 904.18 million USD for the whole country. Saint Vincent and the Grenadines is currently at number 197 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Saint Vincent and the Grenadines ranks 95th in the list of the richest countries.

Inflation in Saint Vincent and the Grenadines in 2021 was around 1.57%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 37.0 percent lower.
The index for perceived corruption in the public sector is 59, which is rather mediocre by global standards.


Back to overview: Saint Vincent and the Grenadines

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Saint Vincent and the Grenadines in 2020 decreased moderatly from 910.15 million US dollars to 872.13 million US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 4.2 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 67 percent. The unemployment rate rose from 19.3 to 21.0 percent. The inflation rate fell from 0.9 percent previously to -0.6 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Saint Vincent and the Grenadines
Total
Saint Vincent and the Grenadines
per capita
EU
Total
EU
per capita
GDP904.18 m USD8,666.39 USD17.177 tn USD33,384.92 USD
Gross national product909.57 m USD8,718.04 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1960 - 2021



Imports and Exports 2021

 Saint Vincent and the Grenadines
Total
Saint Vincent and the Grenadines
per capita
EU
Total
EU
per capita
Imports415.73 m USD3,984.68 USD8.916 tn USD17,329.02 USD
Exports125.78 m USD1,205.57 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1978 - 2021

Exports
Imports



Saint Vincent and the Grenadines: AirportsThe 5 airports in Saint Vincent and the GrenadinesThe 5 biggest airports in Saint Vincent and the Grenadines
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
New Zealand: TourismDevelopment and importance of tourism for New ZealandInternational travelers and tourism sector revenues from 1995-2020 in New Zealand, including comparison with other countries in Australia/New Zealand